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Office demand in Warsaw returns to levels similar to 2019

The Warsaw office market saw a shrinking volume of space under construction and increasing pressure on rents in 2022. However, according to the latest report by Cushman & Wakefield, the capital's market could see a significant tenant recovery as contracts signed in the record period of 2018-2019 come up for renewal.

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Wola Retro to be sold to Adventum Group

Develia S.A. signed a PSPA (preliminary sale agreement) with an entity from Adventum Group for Wola Retro, a prime office building located in Warsaw. The price agreed is ca. €69.8 million. Closing is expected by the end of April 2023.

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Interviews

We can see a lot of demand for apartments in central Łódź and we’re going to meet it

Being in the centre of Poland where the country’s main communication arteries meet, Łódź is betting on its location as the country’s major crossroad. This has tempted manufacturers, IT and R&D firms as well as logistics operators, who are right now experiencing a golden age. The local authorities support the preservation and continuation of the city’s architecture, which does not mean that there is a ban on constructing new tall buildings in the city. In the third ‘Around the World in 8 Questions’ interview, we met with Hanna Zdanowska, the mayor of Łódź, “We can see a lot of demand for apartments in central Łódź and we’re going to meet it,” she declares.

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"Safety rules in office buildings matter a lot in the rental decision"

The pandemic has changed our perspective and needs, and from 2020 the safety norms implemented by office buildings matter a lot for tenants when it comes tp rent new spaces - says Adriana Drăgoescu, CEO, RPHI Romania. In the interview she emphasizes that the measures, efforts and strategy of an office building on safety rules are the top three criteria in decision making. - Interview with Adriana Drăgoescu, CEO, RPHI Romania

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Tenants

Date Business Center Tenant m2 Agency
2023 Q1 Jabłonowski Palace MDDP and Osborne 2400
2023 Q1 Park Rozwoju Schneider Electric Polska 8499
2023 Q1 Pilot Tower G2J Consulting 700
2022 Q4 Business Garden Vastint 13400

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KRZYSZTOF FALKOWSKI

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